Sidney Lowe arrested on tax chargesPosted by Inside Hoops
Former North Carolina State basketball coach Sidney Lowe was arrested Monday and charged with failing to file his North Carolina state income taxes for three years.
Lowe, currently an assistant with the NBA’s Utah Jazz, didn’t file returns in 2009, 2010 and 2011 — the last three years he coached the Wolfpack, according to the state Department of Revenue. He was booked at the Wake County jail Monday and released on a $10,000 unsecured bond on the misdemeanor charges.
Lowe was not with the Jazz when they returned to practice Monday night after the All-Star break, but head coach Tyrone Corbin said Lowe would be with the team Tuesday when it faces Golden State in Salt Lake City.
“It’s a personal matter,” said Corbin, who indicated he had spoken with Lowe. “We’ll deal with it. He’ll make a statement at some point, but it’s a personal matter.” …
At N.C. State, Lowe was paid a base salary of around $210,000 per year. That was boosted to $760,000 with television and radio commitments, and with bonuses and endorsements could have been up to $900,000 a year. A contract settlement after his 2011 resignation was expected to pay Lowe around $900,000, athletic director Debbie Yow said then.
– Reported by the Associated Press